U.S. stocks closed mixed on Wednesday, with the S&P 500 index rising slightly and setting a record high closing record.

Most popular Chinese securities closed down on Wednesday. Of these, 39 fell, 1 closed, and only 1 rose.

The specific performance of China Securities is as follows:

Among the largest Chinese securities, Alibaba fell 2.23%, Baidu fell 2.01%, JD fell 2.71%, Ctrip fell 3.41%, iQiyi fell 5.78%, Bilibili fell 6.48%, Pinduoduo fell 6.91%, NIO fell 6.93%, Xiaopeng Auto fell 7.94%, Ideal Auto fell 12.93%, and Tencent ADR fell 7.54%.

Other Chinese securities, Liandai Technology closed up more than 110% the day after listing, Mingchuang Premium rose more than 2%, Good Future and Momo fell slightly, Yixian E-commerce fell more than 10%, and Yihang Smart fell more than 9%.

Focus review

• New energy vehicle stocks declined collectively, ideally down nearly 13%
  

NIO Auto fell 6.83%, and Xiaopeng Auto fell nearly 8%.$Ideal Auto (LI.US) $It fell close to 13%.

According to the news, Ideal Auto announced that it plans to issue 750 million US dollars of convertible senior bonds due in 2028.

$NIO (NIO.US) $CEO Li Bin said that most of the automotive chips currently experiencing an imbalance between supply and demand are basic chips, putting short-term pressure on the industry, and it is expected that the second quarter will be quite challenging.

• Ctrip's Hong Kong stock offering starts now and will be listed next Monday

$Ctrip (TCOM.US) $/$Ctrip Group-S (09961.HK) $Announcement: The stock offering was issued from April 8 to 13, 2020, and 31.6 million shares were sold globally, with a maximum offer price of HK$333 per share. It is expected to be officially listed and traded on the Hong Kong Stock Exchange on April 19 (Monday).

• Liandai Technology has risen another 110%.Skyrocketed nearly 20 times in two days

Mobile phone and accessories manufacturers$UTME.US (UTME.US) $It once again surged more than 110%, and there were at least 5 more meltdowns. However, the stock declined sharply after the market, at one point falling close to 14%. The current market capitalization is only $679 million.

On the first day of the US IPO (April 6), Liandai Technology had an intraday increase of over 1000%. At one point, it was close to the biggest first-day increase in US stock IPOs since 1999. Among them, it also experienced at least nine interruptions due to excessive growth, and finally closed with an increase of 875%.

Just two days after listing, Liandai Technology increased by 1954%, nearly 20 times higher than the $4 IPO price.

• SOS surged 28%, and the turnover was close to double the market value

$SOS Ltd (SOS.US) $It entered the top 20 US stock turnover on Wednesday. Its turnover exceeded 350 million US dollars, with a turnover of 2,049 billion US dollars, about double the market value (1,038 billion US dollars). According to reports, some netizens said on the US retail forum Reddit that the holdout of SOS Ltd has already begun.

SOS fell nearly 5% after the session.